BGH

Barings Global Short Duration High Yield Fund is a closed-end management investment company that seeks to provide high current income with an emphasis on capital preservation by investing primarily in below-investment-grade (high-yield) debt securities with shorter durations. Managed by Barings LLC, a global asset manager with extensive fixed income expertise, the fund focuses on the shorter end of the high-yield bond maturity spectrum, typically targeting securities with effective durations of less than three years. This shorter duration strategy aims to reduce interest rate sensitivity while capturing the yield premiums available from high-yield credit. The fund's portfolio includes corporate bonds, loans, and other debt securities rated below investment grade or unrated equivalents, issued by companies across diverse industries and geographies. By focusing on shorter-maturity high-yield securities, the fund seeks to provide attractive income while reducing volatility and interest rate risk compared to longer-duration high-yield bond funds. The shorter duration positioning makes the fund less sensitive to interest rate changes, a valuable characteristic when rates are rising or volatile. Barings' experienced credit team conducts fundamental credit analysis to identify issuers with adequate cash flow, reasonable leverage, and ability to service debt. As a closed-end fund, Barings Global Short Duration High Yield Fund trades on exchanges at prices that may differ from its net asset value (NAV). The fund employs leverage to potentially enhance returns and income generation, though leverage increases risk and volatility. The fund provides regular monthly distributions to shareholders, sourced from interest income and capital gains. The investment strategy appeals to income-focused investors seeking high current income with lower interest rate sensitivity and professional credit selection. The fund's performance depends on credit spreads, default rates, interest rate movements, and overall high-yield market conditions.